Goldman, which has had an asset-management license in India since 2008, said it planned to launch actively managed on-shore funds in the country. Its asset-management staff in India currently provide research for offshore funds that include Indian and other emerging-market stocks.

"Significant regulatory strides have been made in India to liberalize the market for asset managers and distributors over the past two years," said Oliver Bolitho, head of Goldman Sachs Asset Management for Asia, in an interview.